Montenegro GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Montenegro expanded 1.70 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Montenegro averaged 2.31 Percent from 2001 until 2014, reaching an all time high of 10.70 Percent in the fourth quarter of 2007 and a record low of -5.70 Percent in the fourth quarter of 2009. GDP Annual Growth Rate in Montenegro is reported by the Statistical Office of Montenegro.
||2001 - 2014
As Montenegro formally declared its independence in 2006, it is still in a state of economic transition. Tourism is the fastest growing sector of the economy (12.4 percent a year) and accounted for around 10 percent of GDP in 2011. Mining and manufacturing are also essential, with emphasis on the exports of refined metals. Montenegro does not have its own currency and uses Euro as legal tender. This page provides - Montenegro GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.